Transaction Processing

The recently disclosed data breaches at Target Corp. and Neiman Marcus Group have breathed new life into an industry dispute over how to account for network choice in routing EMV debit transactions. The ATM Industry Association on Tuesday issued a statement critical of MasterCard Inc. for earlier this month declaring …

  A 17-year-old Russian boy is behind the malware that has wreaked havoc at Target Corp., says IntelCrawler LLC, a Sherman Oaks, Calif.-based data-security company. In a release posted on its Web site Friday, IntelCrawler disclosed that it tracked down the alleged hacker via its own sources, including chat transcripts …

U.S. retailers and businesses using Roam Data Inc.’s mobile point-of-sale card reader and its software have a new tool to manage multiple readers. Boston-based Roam released Monday ROAMmcm 5, a platform for controlling the payment card readers that attach to smart phones and tablets. n With it, entities can set …

Hoping to build off its security reputation, The Brink’s Company announced Tuesday it launched Brink’s Checkout, an e-commerce payment service in conjunction with 2Checkout.com Inc., an e-commerce payment-services company. The famed armored-car company will market and sell Brink’s Checkout, while 2Checkout will provide the payment processing, oversee the merchant application …

In a bid to streamline its payment process for online retailers, PayPal Inc. is testing a service that lets users pay and check out without leaving the merchant’s site. Dubbed “in-context checkout,” the service, which is designed to work on tablets and mobile phones as well as laptops and desktops, …

Target Corp. on Friday said personal data on 70 million customers were compromised in a separate theft during the same data breach it disclosed last month that exposed up to 40 million credit and debit card accounts of U.S. shoppers. That could bring the total number of customers affected up …

America’s mass-transit systems in early 2014 are continuing their migration away from proprietary fare systems and toward so-called open-fare systems that can accept general-purpose payment cards as well as mobile payments. This week, the Washington Metropolitan Area Transit Authority, locally known as Metro, awarded a $184 million, 8-year contract to …

A mobile point-of-sale service called Sequoia is promising card-present transaction rates for merchants using it, says developer 1Oak Technologies. n Using technology already inside smart phones, the app then creates an encrypted radio wave that is picked up by the Sequoia receiver attached to the payment terminal. That device creates …

The Bitcoin virtual currency continued its march toward the payments mainstream with the recent announcement by online game developer Zynga Inc. that it would test Bitcoin acceptance with some of its popular games. n “In response to Bitcoin’s rise in popularity around the world, Zynga, with help from BitPay, is …

Target Corp. on Monday held a conference call with state attorneys general and said malware was involved in its data breach that compromised up to 40 million credit and debit card accounts. The new developments follow the discount-store chain’s disclosure Thursday of a breach in the point-of-sale system for its …